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North American bank finances wind projects in Mexico

The North American Development Bank (NADB) has announced it is financing two wind power projects, Ventika and Ventika II, in Mexico to the tune of $140m.

The wind farms will be constructed in the state of Nuevo Leon, in the northeast Mexico, and will have a combined capacity of 252 MW.

Construction of the wind farms are expected to start at the end of this year, with both coming by 2016.

Spain’s Acciona Energia will build the wind farms, which will utilise with 3 MW wind turbines.

To date, NADB has provided loans of up to $521m to fund six wind projects in the border region of the states of Tamaulipas, Nuevo Leon, California and Texas. When completed, these projects will have a joint installed capacity of over 973 MW.

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